Golf Balls Price in Nigeria - 2022
Contents:
Golf Balls Price in Nigeria (CIF) - 2022
The average golf balls import price stood at $1.7 per unit in 2022, rising by 3.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 12% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($55 per unit), while the price for China ($1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.8%), while the prices for the other major suppliers experienced a decline.
Golf Balls Imports in Nigeria
In 2022, approx. 44K units of golf ballses were imported into Nigeria; rising by 186% against the previous year's figure. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 912%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, golf balls imports soared to $75K in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 944% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Golf Balls in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.1 | 1.8 | 2.4 | 2.9 | 207.2% |
| France | 0.3 | 2.7 | 2.1 | 2.5 | 102.7% |
| Belgium | 0.3 | 3.0 | 1.6 | 2.1 | 91.3% |
| United Kingdom | N/A | 6.6 | 0.1 | 1.2 | -57.4% |
| Thailand | 0.2 | 1.5 | 0.6 | 0.7 | 51.8% |
| China | 1.8 | 28.2 | 5.8 | 0.4 | -39.4% |
| South Africa | 0.1 | 0.9 | 0.3 | 0.3 | 44.2% |
| India | N/A | 0.4 | 0.2 | 0.2 | -29.3% |
| Italy | N/A | N/A | 5.2 | N/A | 0% |
| Others | 2.2 | 5.8 | 7.0 | 64.2 | 207.9% |
| Total | 4.9 | 51.0 | 25.3 | 74.5 | 147.7% |
Top Suppliers of Golf Balls to Nigeria in 2022:
- India (undefinedK units)
- Belgium (undefinedK units)
- Thailand (undefinedK units)
- France (0.5K units)
- China (0.4K units)
- United States (0.1K units)
- South Africa (0.1K units)
- United Kingdom (0.1K units)
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